About the Course
If you are just starting the Accounting and Finance, then Tally Essential is the course designed for you. This course includes topics from basic to intermediate Financial Accounting concepts.
The various concepts explained through illustrations, self-learning videos and real-life industry-based scenarios will help in establishing a strong foundation for your Accounting and Financial career.
The course will also help you in understanding how to perform basic to intermediate Accounting, Inventory and Basic Taxation (GST, TDS), and Simplification of Company Books of Accounts to name a few. The practical applications is done on the new TallyPrime software to keep you at par with the new releases. To join this course get in touch with us today itself.
Course Details
Tally Essential course covers topics from basic to intermediate financial accounting concepts. This course is available in three levels. Given below are the topic details covered under each level:
Level 1 (Recording & Reporting)
Chapter 2: Introduction to TallyPrime
This introductory chapter on Accounting using Tally explains how simple it is to download and install Tally in the system.
This chapter helps you understand the simplest way of creating a company and the company features and configurations.
Chapter 3: Maintaining Chart of Accounts
This chapter shows you how simple it is to create, alter and display the Chart of Accounts such as Ledgers, Groups, Stock Items and Units of Measure Creation.
Chapter 4: Recording and Maintaining Accounting Transactions
This chapter covers how to record transactions such as Receipt, Contra, Payment, Purchase, Sales, Debit Note, Credit Note, and Journal Vouchers with practical scenarios.
Chapter 5: Goods and Services Tax
The chapter includes the introduction of GST, GST in TallyPrime, Recording GST compliant transactions, Input Tax Credit Set Off against Liability, GST Tax Payment and Generating GST Returns for Regular Dealer in Tally.
Chapter 6: Banking
This chapter covers the basic Banking Feature, Cheque Printing, Bank Reconciliation, Generating Deposit Slips including Payment Advice.
Chapter 7: Generating Financial Statements and MIS Reports
This chapter covers all MIS reports in Tally; Trail Balance, Balance Sheet, Profit and Loss account, Cash Flow Statement, Ratio Analysis, Daybook, Receipts and Payments, Purchase and Sales Register including Inventory Reports.
Chapter 8: Data Security
This chapter covers Securing Financial Information of the Company, Creating Security Control, User Roles, Creation of Users and Change User.
Chapter 9: Company Data Management
This chapter covers how to securely take company data and restore without any data loss.
Level 2 (Accounts Payable And Receivable)
Chapter 2: Accounts Receivable and Payable Management
This chapter covers the fundamentals and concepts of Outstanding Management, Enabling Bill-wise practical business scenarios on the given references such as, New Reference, Against Reference, Advance Reference, On account Reference with illustrations along with Bill Settlement and Credit Limit feature.
Chapter 3: Purchase and Sales Order Management
This chapter covers Management of Sales and Purchase Cycle, Placing an Order, Handling Rejections, Raising an Invoice against the order and complete it with receipts and payments.
Chapter 4: Tracking Additional Costs of Purchase
This chapter covers how to maintain additional costs incurred on purchase of stock.
Chapter 5: Goods and Services Tax
The chapter includes Recording GST-compliant transactions, E-Way Bill Report in Tally, Input Tax Credit Set Off against Liability, GST Tax Payment amongst other topics.
Chapter 6: Cost/Profit Centres Management
This chapter covers how to allocate expenses and incomes to different cost unit of the organization, automation of allocation of cost centre by creating cost centre classes in Tally and updating the reports instantly, once after recording the transactions.
Chapter 7: Budgets and Scenarios
This chapter covers how to maintain Budgets & Scenario Management in Tally
Chapter 8: Generating and Printing Reports
This chapter covers how to generate and print all Books and Registers in Tally including Inventory Reports.
Level 3 (Taxation And Compliance)
Chapter 2: Tax Deducted at Source
This chapter covers Tax Deducted at Source and enables configuring TDS at different levels and record Basic TDS transactions, TDS payment to government, generating TDS challan and generating TDS reports.
Chapter 3: Management of Business Data
This chapter covers Export and Import, and Open Database Connectivity (ODBC).
Chapter 4: Moving to the Next Financial Year
This chapter covers Export and Import, Splitting Company, and Group Company.
GST Simulation
GST (Goods and Services Tax) simulation is a practical and interactive training tool that replicates the processes and calculations involved in GST transactions. This is designed to empower our learners with real-time practice and expertise in GST management (GST returns, generating e-Way bill, and e-Invoicing)
